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# Federal Intermediated Securities Act (FISA)

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- Created on Aug 13, 2026

## Federal Intermediated Securities Act (FISA)

SR 957.1 — Federal Act of 3 October 2008 on Intermediated Securities (Federal Intermediated Securities Act, FISA).

[fedlex.data.admin.ch](https://fedlex.data.admin.ch/eli/cc/2009/450?utm_source=slatesource)

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force. English consolidation of 1 January 2023, which is also the date of the current binding text.

[fedlex.data.admin.ch](https://fedlex.data.admin.ch/eli/cc/2009/450?utm_source=slatesource)

## Preamble

The Federal Assembly of the Swiss Confederation, based on Articles 98 paragraph 1 and 122 paragraph 1 of the Federal Constitution,and having considered the Federal Council Dispatch dated 15 November 2006, decrees:

SR 101 BBl 2006 9315

## Contents

1\. Purpose, Scope and Definitions — 5 articles 2. Creation, Extinction and Conversion of Intermediated Securities — 4 articles 3. Sub-Custody and Availability of Intermediated Securities — 6 articles 4. Rights deriving from the Custody of Intermediated Securities — 12 articles 5. Disposition of Intermediated Securities and Effectiveness against Third Parties — 7 articles 6. Realisation of Collateral — 2 articles 7. Liability — 1 article 8. Final Provisions — 3 articles

[Official text on Fedlex — consolidation of 1 January 2023](https://fedlex.data.admin.ch/filestore/fedlex.data.admin.ch/eli/cc/2009/450/20230101/en/html/fedlex-data-admin-ch-eli-cc-2009-450-20230101-en-html-5.html?utm_source=slatesource)